Insider Selling: Two Harbors Investment Corp. (NYSE:TWO) CIO Sells 6,040 Shares of Stock

Two Harbors Investment Corp. (NYSE:TWO) CIO Nicholas Letica sold 6,040 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $11.13, for a total value of $67,225.20. Following the completion of the sale, the executive now directly owns 174,672 shares of the company’s stock, valued at approximately $1,944,099.36. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nicholas Letica also recently made the following trade(s):

• On Wednesday, January 8th, Nicholas Letica sold 3,956 shares of Two Harbors Investment stock. The stock was sold at an average price of $11.21, for a total value of $44,346.76.

Two Harbors Investment Stock Down 1.7 %

Shares of TWO stock traded down $0.19 during trading on Friday, reaching $11.09. The company’s stock had a trading volume of 1,018,336 shares, compared to its average volume of 1,484,618. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.30 and a beta of 1.83. Two Harbors Investment Corp. has a 1-year low of $10.98 and a 1-year high of $14.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average price is $11.70 and its 200 day moving average price is $12.81.

Two Harbors Investment (NYSE:TWO) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $112.64 million for the quarter. Two Harbors Investment had a positive return on equity of 4.45% and a negative net margin of 87.84%. During the same quarter in the prior year, the company earned ($0.01) earnings per share. On average, research analysts anticipate that Two Harbors Investment Corp. will post 0.47 EPS for the current year.

Two Harbors Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, January 3rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.23%. The ex-dividend date is Friday, January 3rd. Two Harbors Investment’s payout ratio is presently -37.34%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TWO. Royal Bank of Canada dropped their price objective on shares of Two Harbors Investment from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. JMP Securities cut their price target on shares of Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. decreased their price objective on Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised Two Harbors Investment to a “sell” rating in a research note on Thursday, December 12th. Finally, Compass Point decreased their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating on the stock in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.71.

Institutional Trading of Two Harbors Investment

Large investors have recently made changes to their positions in the company. Phocas Financial Corp. acquired a new position in Two Harbors Investment during the 3rd quarter worth approximately $3,505,000. Geode Capital Management LLC lifted its position in shares of Two Harbors Investment by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock worth $33,885,000 after purchasing an additional 48,264 shares during the last quarter. Barclays PLC increased its holdings in Two Harbors Investment by 346.0% in the third quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust’s stock valued at $2,395,000 after buying an additional 133,869 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Two Harbors Investment by 1,392.7% in the third quarter. International Assets Investment Management LLC now owns 193,478 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 180,516 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Two Harbors Investment in the third quarter valued at $217,000. 64.19% of the stock is currently owned by hedge funds and other institutional investors.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.